Analysis of the key themes driving M&A activity reveals that blockchain accounted for 12 financial services deals announced in Q4 2023, worth a total value of $155.6m. The $102.6m majority acquisition of Satang by Unita Capital was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report for 2023 unveils the driving forces behind the M&A activities in the industry, providing crucial insights into trends and shifts. Buy the report here.
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In value terms, blockchain-related deal activity decreased by 25% in Q4 2023 compared with the previous quarter’s total of $207.9m and fell by 22% as compared to Q4 2022. Related deal volume remained flat in Q4 2023 versus the previous quarter and was 20% higher than in Q4 2022.
The top-ranked financial advisors supporting these M&A deals in Q4 2023 were Front Financial; Haywood Securities; INFOR Financial with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q4 2023 were Osler, Hoskin & Harcourt; Cassels Brock & Blackwell; Dorsey & Whitney with 2, 1, 1 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.
